About the only issue is that your local jurisdiction might have some requirements for you to file as a foreign corporation and might need a certificate of good standing from California (in your case). People run corporations from other states all the time. I would advise you to check with your accountant though.
I had a Maryland Corp when I moved to Florida, and the paperwork Florida wanted was actually more difficult to obtain than dissolving the Maryland Corp and creating a Florida Corporation. Of course, it did take a few rounds of notarized paperwork to dissolve the Maryland Corporation.
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